M&A Deal Summary

Berkshire Hathaway Acquires Jordan s Furniture

On October 11, 1999, Berkshire Hathaway acquired retailer Jordan s Furniture

Acquisition Highlights
  • This is Berkshire Hathaway’s 6th transaction in the Retail sector.
  • This is Berkshire Hathaway’s 18th transaction in the United States.
  • This is Berkshire Hathaway’s 1st transaction in Massachusetts.

M&A Deal Summary
Date 1999-10-11
Target Jordan s Furniture
Sector Retail
Buyer(s) Berkshire Hathaway
Deal Type Add-on Acquisition

Target

Jordan s Furniture

East Taunton, Massachusetts, United States
Jordan's Furniture is truly one of the most phenomenal and unique companies. One of the most unique aspects of Jordan's Furniture is the incorporation of "shoppertainment' within the stores.

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Buyer(S) 1

Buyer

Berkshire Hathaway

Omaha, Nebraska, United States
Category Company
Founded 1998
Sector Diversified
Employees396,500
Revenue 439.3B USD (2023)
DESCRIPTION
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.
Berkshire Hathaway's corporate headquarters in Omaha, Nebraska.

Berkshire Hathaway and its subsidiaries engage in diverse business activities including property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing and services. Berkshire Hathaway was founded in 1998 and is based in Omaha, Nebraska.

DEAL STATS #
Overall 18 of 69
Sector (Retail) 6 of 9
Type (Add-on Acquisition) 15 of 47
State (Massachusetts) 1 of 1
Country (United States) 18 of 64
Year (1999) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-12-21 General Re

Stamford, Connecticut, United States

Gen Re delivers reinsurance solutions to the Life/Health and Property/Casualty insurance industries. We work closely with our clients to understand their strategic and operational goals, offering a wide range of products, tools and resources that aim to promote our clients’ ongoing growth and success.

Buy $22.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-10-25 MidAmerican Energy Holdings

Des Moines, Iowa, United States

MidAmerican Energy Holdings Company provides electric service to 2.2 million customers and natural gas service to 1.2 million customers worldwide. The Company manages and owns interests in approximately 8,300 net megawatts of diversified power generation facilities in operation, construction and development.

Buy $9.0B
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